Latest Headlines – Page 94
-
Article
Del Vecchio appoints a deputy to the board
Luxottica has appointed Francesco Milleri to the board of directors with the task of assisting Leonardo Del Vecchio, executive chairman of the group, in “carrying out the various functions associated with his current role.” An Italian business daily, Il Sole 24 Ore, said that Milleri is already an acting deputy ...
-
Article
Del Vecchio focuses on lenses
In an opening speech made in connection with the presentation of the company's results to financial analysts, Luxottica's founder and executive chairman, Leonardo Del Vecchio, said that the ophthalmic lens segment is “another area that has our attention,” pointing out that it is as big as the frame market and ...
-
Article
Luxottica reviews Oakley’s strategy in the sports sector
The Oakley brand is expected to continue underperforming this year as compared to the rest of the Luxottica group but will nevertheless improve its growth rate from the pace reached in 2015. Oakley's revenues are due to rise by 3-5 percent at constant currency rates, against a predicted increase of ...
-
Article
Temporary drop in Safilo’s results
Safilo confirmed previously reported sales of €1,279 million for the full 2015 financial year. They were up by 8.5 percent on a reported basis but flat in terms of local currencies. The company pointed out that the turnover went up by 4.3 percent on a comparable, currency-neutral basis, with licensed ...
-
Article
Safilo cleans up its balance sheet
Safilo unexpectedly booked €60.5 million in non-recurrent charges for 2015, against €7.7 million in 2014, largely due to the write-down of the value of its Asian business and a €17.0 million provision for a settlement with French anti-trust authorities. The goodwill impairment loss totaled €40.5 million. The bulk of the ...
-
Article
Marchon passes the $1 billion hurdle
At the Mido trade show a year ago, Claudio Gottardi, president and chief executive of Marchon Eyewear, had reported a turnover of $979 million for 2014 and predicted the company's turnover would break the symbolic $1 billion barrier this year, growing by around 7 percent in constant currencies.At the recent ...
-
Article
Italia Independent grows by 20.4%
Italia Independent confirms that eyewear is its core business, after eight years of experimenting in two additional segments - apparel and communication. Quoted on the AIM counter of the Italian stock exchange, the group closed 2015 with revenues at €39.6 million, up by 20.4 percent as compared to 2014. Eyewear ...
-
Article
X-IDE launches a new eyewear label
“UX Share Your Eyewear by X-IDE” is the new eyewear label of Immagine 98, the Italian-based parent of X-IDE and Rye & Lye. The long name of the new product line is supposed to reflect its 3.0 spirit. According to the company, the name is an acronym for “user experience,” ...
-
Article
CVI continues to gain market shares
The U.S. was the only market where CooperVision lost market share in the last three months of 2015, due to Johnson & Johnson's aggressive roll-out of its Oasis range of one-day silicon hydrogel contact lenses. While the total soft contact lens market rose by 4 percent in the Americas during ...
-
Article
Mido reports 7% higher attendance
The organizers of the Mido trade show in Milan announced a 7 percent increase in the number of visitors to a total of more than 52,000 for its latest edition, held in Milan on Feb. 27 to 29. As we previously pointed out, the figure is an estimate that includes ...
-
Article
Silmo goes to Australia
Confirming the information that we had already given in our last issue, Silmo announced a new partnership at Mido that will lead to the organization of the first Silmo Sidney in Australia on March 9-11, 2017. It is teaming up for this purpose with an Australian specialist in event management ...
-
Article
The Optical Monitor focuses on smaller markets
Still working through GfK, the organizers of the Mido and Silmo trade shows have decided to explore four smaller European markets – Netherlands, Belgium, Poland and Hungary - through their Optical Monitor, in addition to the five major countries already covered by the online consumer survey. The results of the ...
-
Article
Essilor gets closer to the customer
After publishing its results for the last financial year (see the next article in this issue), Essilor International announced earlier this week its acquisition of Vision Direct Group, one of the leading European online retailers for contact lenses. Based in the U.K., Vision Direct does most of its business in ...
-
Article
Essilor sees accelerating growth
Essilor International delivered pretty good results for the 2015 financial year. Revenues increased by 18.4 percent to €6,716 million and generated a “contribution margin” - or an operating margin before non-recurring items related to major acquisitions - of 18.8 percent, up 0.2 percentage points from 2014.The gross margin improved by ...
-
Article
Retina replaces Garro
Three large buying groups for independent opticians in Spain, Italy and France have joined forces to form a new European cooperative based in Madrid, called Retina, whose goal is to negotiate stronger collaboration agreements with leading suppliers, share best practices and put together a standardized offer of products and services ...
-
Article
Alliance Optics Group launches its online platform
After several delays, the Alliance Optics Group (AOG) reports that it has finally launched its global internet platform, optics-web.com, to support the growing number of suppliers and independent opticians around the world that are using its services.The global launch will coincide with the Mido trade show in Milan, where the ...
-
Article
Another plus year for Fielmann
Fielmann's supervisory and management boards are proposing to raise the annual dividend for the 11th time since 2004, after a year in which its pre-tax profit went up by 6.6 percent to €241 million and its net income increased by 5.0 percent to €171 million, according to preliminary figures. The ...
-
Article
Italy’s eyewear industry grows by 12.5%
In 2015, the value of Italy's production of eyewear rose by 12.5 percent to an estimated level of €3,566 million. The growth was driven by exports - representing 90 percent of the production - which went up by 12.3 percent to €3,442 million. On the other hand, the industry experienced ...
-
Article
Italy’s export growth quickens
After a rise of 11.8 percent in 2014, Italy's exports of optical frames and sunglasses increased by 12.3 percent in 2015, reaching a value of €3,442 million. Sunglasses continued to drive the export growth, rising by 14.2 percent to €2,310 million, in contrast with an increase for prescription frames of ...
-
Article
Safilo launches Swatch glasses but Q4 sales disappoint
Adding another popular brand to its growing portfolio, Safilo announced a five-year collaboration agreement with the Swiss watchmaker Swatch. The first Swatch The Eyes collection will be launched in spring 2016. The parties are to co-design the eyewear collections and the Italian company is to manufacture them in Europe. Safilo ...
